Bizizz Market Research has recently published a research report, “Helicopter Simulator Market by Type (Motion Simulator, Fixed-Base Simulator), Component (Cockpit, Control System, Visual System, Instruments, and Panels), and Platform (Commercial, Military), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Helicopter Simulator Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 2.8 Bn by 2027, witnessing a CAGR of 4.3 % during the forecast period. Rising requisition for qualified pilots, surging necessity for security and cost-efficacy, varying fuel prices and minor maintenance are driving the demand for helicopter simulator across the globe.
The growing need for qualified pilots in the nonmilitary markets who are required for common tasks, for example, emergency medical services and business flying, the soaring requirement for safety and cost-efficacy in the aviation segment, swinging fuel charges and sustenance and restoration expenses are constituents assisting to the expansion of the market. There is the number of deals that have supported to the progress of the market, for case in point, in the year 2016, Flight Safety International had contracted a deal with Airbus with the aim of giving education to Helicopter EC145 pilots and operators. Furthermore, there is a burgeoning focus on the safekeeping the helicopters and pilots throughout the training. This has directed to the enactment of simulators for helicopter pilot practice, which would stimulate the market for helicopter simulators in the approaching years.
The Helicopter Simulator market is anticipated to register a CAGR of over 4.3 % during the forecast period.
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By Platform, Military Segment Held a Prominent Share in Global Helicopter Simulator Market in 2018.
The military segment has the uppermost market portion in the helicopter simulator market, equaled to commercial helicopter simulators. It is fundamentally ascribed to the point that the application of helicopters in the military was a lot more than commercial uses. As well, a larger number of helicopter pilots are raised for military helicopters equaled to commercial helicopters. These are the principal constituents for the more eminent market percentage of the military subdivision.
North Americais Anticipated to Dominate the Global Helicopter Simulator Market during the Forecast Period
The North American region is presently influencing the market for helicopter simulators. This is because of the case that the North American region has the greatest military power in the world and therefore has observed substantial expansion in shipments of helicopter simulators for military employment. Additionally, the commercial helicopter fleet in the region is the biggest in the world. These are the principal speculations that have impelled the incomes in the region. However growth rate of Helicopter Simulator market is the maximum in the APAC region, attributable to growing helicopter procurement, chiefly for militaries, in nations like South Korea, Japan, India, and China.
Global Helicopter Simulator market was highly fragmented among the number of local and global players. Prominent players operating in the Global Helicopter Simulator Market are: iSim Limited, FLYIT Simulators Inc., FRASCA International Inc., Fidelity Flight Simulation Incorporated, Ryan Aerospace, Thales Group, Reiser Simulation and Training GmbH, ELITE Simulation Solutions AG, FlyThisSim Inc., TRU Simulation Training Inc., and CAE Inc.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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